✨ Financial Statements




POWERCO

ELECTRICITY DIVISION

Statement of Cash Flows

For the 9 months ended 31 March 2007

Notes 9 months to 31 March 2007 $000 12 months to 30 June 2006 $000
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers 203,601 250,503
Net movement in CST (3,436) 2,386
Payments to suppliers and employees (85,847) (126,722)
Interest paid (27,807) (42,362)
Payments of income tax (5,304) (16,382)
Net cash provided by operating activities 12 81,207 67,423

| CASH FLOWS FROM INVESTING ACTIVITIES | | | |
| Purchase of property, plant and equipment | | (38,987) | (63,102) |
| Net cash used in investing activities | | (38,987) | (63,102) |

| CASH FLOWS FROM FINANCING ACTIVITIES | | | |
| Issue of bonds | | - | 131,600 |
| Issue of commercial paper | | - | 13,875 |
| Issue of US dollar private placement | | - | 25,078 |
| Issue of bank debt | | 12,909 | - |
| Repayment of bank debt | | - | (71,438) |
| Dividends paid | | (36,341) | (51,928) |
| Movement in inter-division account | | (16,402) | (62,516) |
| Net cash used in financing activities | | (39,834) | (15,329) |

| NET INCREASE (DECREASE) IN CASH HELD | | 2,386 | (11,008) |
| Opening cash brought forward | | (15,899) | (4,891) |
| ENDING CASH CARRIED FORWARD | 3 | (13,513) | (15,899) |

The accompanying notes form part of these financial statements



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2008, No 46


Gazette.govt.nz PDF NZ Gazette 2008, No 46





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🏭 Audit Report for Powerco Limited – Electricity Division (continued from previous page)

🏭 Trade, Customs & Industry
25 February 2008
Audit, Financial Statements, Powerco Limited, Electricity Division, Compliance, Disclosure Requirements